I doubt we can create a regulator that will be able to see and stop systemic risk.
Jim Bunning: “I doubt we can create a regulator that will be able to see and stop systemic risk.”
Editor's note · Context
Senator Bunning expresses skepticism about the government's ability to regulate systemic risk.
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How would you grade the bill the Senate passed in the last Congress and the bill that recently passed the House in terms of improving the relationships between the premium property owners pay and their actual risk?
in 2006, we had a huge housing crisis in this country. And even before that, the mortgage crisis showed its face in 2001 and 2002.
if the Congress does it that way, you are absolutely correct that this program will fall into an abyss and never pay for itself, and the Government will be on the hook for more than the 18 plus billion dollars it presently is.
I mean, that to me is criminal negligence, and the sooner they get him before a U.S. court, the better I will like it.